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Articles for tag: April, Arif, consortium, Habibled, Latest, PIA, run

December 25, 2025

News Desk

PIA will be run by the Arif Habib-led consortium till April 2026

The national carrier, Pakistan International Airlines (PIA), is expected to be run by a new owner from April 2026. It will also receive new capital as part of a deal to privatize the airline, the country’s privatization chief said on Wednesday. A consortium led by Arif Habib Corporation emerged as the top bidder on Tuesday in a live televised auction for 75% of PIA shares. This marks a major breakthrough for the government’s delayed privatization of the carrier. The consortium offered 135 billion rupiah, exceeding the government’s reserve price of 100 billion rupiah – a rebound from last year’s failed

December 23, 2025

News Desk

The Arif Habib-led consortium makes the highest bid of Rs 121 billion

Three bids received for national carrier in televised auction. The auction follows last year’s failed attempt due to low bidding. PIA’s prospects improve with debt relief, bans lifted. The consortium led by Arif Habib Corporation Limited submitted the highest bid of Rs 121 billion, followed by the consortium of Lucky Cement Limited with Rs 120.25 billion in the second round of bidding process for Pakistan International Airlines (PIA). An official of the Privatization Commission opened the bids in the country’s second televised attempt to privatize the national airliner. Speaking ahead of the open auction, Privatization Commission chairman Muhammad Ali said

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